Monarch Casino & Resort Stock (NASDAQ: MCRI)

Monarch Casino & Resort (NASDAQ:MCRI) Stock

Monarch Casino & Resort

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

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Monarch Casino & Resort, Inc. - Common Stock

Monarch Casino & Resort Inc

In the last three months, 5 analysts have published ratings on Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $87.8, a high estimate of $100.00, and a low estimate of $79.00. This current average has increased by 11.85% from the previous average price target of $78.50. 
<img src="https://www.benzinga.com/files/images/story/2025/1739386813_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Monarch Casino &amp; Resort among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Zachary Silverberg</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$82.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$100.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$88.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Zachary Silverberg</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Underweight</td>
<td>$79.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Monarch Casino &amp; Resort. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Monarch Casino &amp; Resort compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Monarch Casino &amp; Resort's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Monarch Casino &amp; Resort's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MCRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Monarch Casino &amp; Resort analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Monarch Casino &amp; Resort</h2>
Monarch Casino &amp; Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food &amp; Beverage and Hotel Operations.
<h3>Monarch Casino &amp; Resort: Financial Performance Dissected</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Monarch Casino &amp; Resort's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 3.69%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 20.02%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Monarch Casino &amp; Resort's ROE excels beyond industry benchmarks, reaching 5.46%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Monarch Casino &amp; Resort's ROA excels beyond industry benchmarks, reaching 4.11%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.04.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Monarch Casino & Resort: Insights From 5 Analyst Reviews

Wells Fargo analyst Zachary Silverberg maintains Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Underweight and raises the price target from $79 to $82.

Price Target

Wells Fargo Maintains Underweight on Monarch Casino & Resort, Raises Price Target to $82

Stifel analyst Jeffrey Stantial maintains Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Hold and raises the price target from $80 to $90.

Stifel Maintains Hold on Monarch Casino & Resort, Raises Price Target to $90

WIIM

Monarch Casino & Resort shares are trading higher after the company reported better-than-expected Q4 financial results.

Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) reported quarterly earnings of $1.36 per share which beat the analyst consensus estimate of $1.10 by 23.64 percent. This is a 46.24 percent increase over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $134.51 million which beat the analyst consensus estimate of $129.04 million by 4.24 percent. This is a 4.94 percent increase over sales of $128.19 million the same period last year.

Monarch Casino & Resort Q4 GAAP EPS $1.36 Beats $1.10 Estimate, Sales $134.51M Beat $129.04M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Royalty Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPRX#NASDAQ">RPRX</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $743.60 million. 
• AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) is likely to report quarterly earnings at $4.26 per share on revenue of $6.81 billion. 
• Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) is estimated to report quarterly loss at $2.12 per share on revenue of $28.84 billion. 
• Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) is projected to report quarterly earnings at $0.48 per share on revenue of $5.20 billion. 
• DuPont de Nemours (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $3.07 billion. 
• BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $45.65 billion. 
• Yatra Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTRA#NASDAQ">YTRA</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $15.02 million. 
• NNN REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNN#NYSE">NNN</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $217.60 million. 
• OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) is projected to report quarterly loss at $0.03 per share on revenue of $48.93 million. 
• Arvinas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) is estimated to report quarterly loss at $1.04 per share on revenue of $59.49 million. 
• Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) is expected to report quarterly loss at $0.01 per share on revenue of $26.52 million. 
• Jerash Holdings (US) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRSH#NASDAQ">JRSH</a>) is expected to report quarterly loss at $0.01 per share on revenue of $37.65 million. 
• Ceragon Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNT#NASDAQ">CRNT</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $105.16 million. 
• SolarWinds (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $202.91 million. 
• Curbline Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURB#NYSE">CURB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $28.88 million. 
• IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $229.47 million. 
• LCI Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LCII#NYSE">LCII</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $799.81 million. 
• Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) is likely to report quarterly loss at $0.07 per share on revenue of $10.50 million. 
• Sunoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $5.92 billion. 
• WK Kellogg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $650.00 million. 
• Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is projected to report quarterly earnings at $1.36 per share on revenue of $2.63 billion. 
• Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) is likely to report quarterly earnings at $2.36 per share on revenue of $6.39 billion. 
• MYT Netherlands Parent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $217.77 million. 
• Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $2.73 billion. 
• WESCO Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) is expected to report quarterly earnings at $3.23 per share on revenue of $5.42 billion. 
• TPG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $463.18 million. 
• USA Compression Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USAC#NYSE">USAC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $242.95 million. 
• S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) is projected to report quarterly earnings at $3.41 per share on revenue of $3.46 billion. 
• Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $10.70 billion. 
• Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) is projected to report quarterly earnings at $2.27 per share on revenue of $4.13 billion. 
• Masco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $1.84 billion. 
• GLOBALFOUNDRIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $1.83 billion. 
• Ecolab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) is expected to report quarterly earnings at $1.81 per share on revenue of $4.03 billion. 
<h3>Companies Reporting After The Bell</h3>
• Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $7.15 billion. 
• Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is projected to report quarterly earnings at $1.06 per share on revenue of $129.03 million. 
• Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly loss at $1.03 per share on revenue of $2.73 billion. 
• Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) is projected to report quarterly loss at $0.07 per share on revenue of $30.83 million. 
• Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $1.49 billion. 
• Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $5.78 billion. 
• Evolution Petroleum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EPM#AMEX">EPM</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $22.73 million. 
• Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) is expected to report quarterly earnings at $0.15 per share on revenue of $144.62 million. 
• Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) is projected to report quarterly loss at $0.16 per share on revenue of $6.59 million. 
• Everus Construction Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECG#NYSE">ECG</a>) is expected to report earnings for its fourth quarter. 
• United Fire Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $327.70 million. 
• Tigo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TYGO#NASDAQ">TYGO</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $15.62 million. 
• HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $28.48 million. 
• Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) is likely to report quarterly loss at $0.14 per share on revenue of $500 thousand. 
• Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) is projected to report quarterly loss at $1.38 per share on revenue of $14.11 million. 
• Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $562.72 million. 
• Forrester Res (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORR#NASDAQ">FORR</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $106.25 million. 
• BlackLine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $168.10 million. 
• Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) is likely to report quarterly earnings at $4.90 per share on revenue of $766.63 million. 
• Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) is likely to report quarterly earnings at $1.91 per share on revenue of $765.40 million. 
• Electromed (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ELMD#AMEX">ELMD</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $15.30 million. 
• W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $397.32 million. 
• Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $883.43 million. 
• Pitney Bowes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $509.65 million. 
• America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $12.27 billion. 
• Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) is expected to report quarterly earnings at $1.02 per share on revenue of $3.13 billion. 
• Adaptive Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) is expected to report quarterly loss at $0.24 per share on revenue of $45.84 million. 
• Anterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATEX#NASDAQ">ATEX</a>) is expected to report quarterly loss at $0.61 per share on revenue of $1.88 million. 
• IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $934.31 million. 
• Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $1.23 billion. 
• American Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $6.70 billion. 
• Diodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $337.10 million. 
• Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) is projected to report quarterly loss at $0.01 per share on revenue of $1.55 billion. 
• Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $532.04 million. 
• Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $533.26 million. 
• Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $417.67 million. 
• DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $85.54 million. 
• Similarweb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMWB#NYSE">SMWB</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $65.48 million. 
• OneStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OS#NASDAQ">OS</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $128.13 million. 
• MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $726.90 million. 
• Mirion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MIR#NYSE">MIR</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $245.02 million. 
• Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $181.92 million. 
• Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $2.12 billion. 
• Silvercorp Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVM#AMEX">SVM</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $80.90 million. 
• Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $209.12 million. 
• Gladstone Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLAD#NASDAQ">GLAD</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $24.40 million. 
• InvenTrust Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVT#NYSE">IVT</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $71.16 million. 
• Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $254.21 million. 
• Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $21.43 million. 
• Red Rock Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $491.36 million. 
• Assurant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>) is likely to report quarterly earnings at $3.51 per share on revenue of $3.08 billion. 
• Acadia Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKR#NYSE">AKR</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $83.33 million. 
• Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is estimated to report quarterly earnings at $4.58 per share on revenue of $2.22 billion. 
• Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $203.87 million. 
• Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $189.30 million. 
• DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $2.84 billion. 
• Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is projected to report quarterly earnings at $1.03 per share on revenue of $156.13 million. 
• Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $256.84 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 11, 2025

Truist Securities analyst Barry Jonas upgrades Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) from Hold to Buy and raises the price target from $82 to $100.

Upgrades

Truist Securities Upgrades Monarch Casino & Resort to Buy, Raises Price Target to $100

John Farahi, CEO at Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>), disclosed an insider sell on January 7, according to a recent SEC filing.
What Happened: After conducting a thorough analysis, Farahi sold 3,000 shares of Monarch Casino &amp; Resort. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000907242/000090724225000001//Archives/edgar/data/907242/000090724225000001/0000907242-25-000001-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total transaction value is $230,700.
The latest market snapshot at Tuesday morning reveals Monarch Casino &amp; Resort shares down by 0.0%, trading at $78.52.
<h3>Get to Know Monarch Casino &amp; Resort Better</h3>
Monarch Casino &amp; Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food &amp; Beverage and Hotel Operations.
<h3>A Deep Dive into Monarch Casino &amp; Resort's Financials</h3>
Revenue Growth: Monarch Casino &amp; Resort's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 3.69%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a high gross margin of 54.97%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Monarch Casino &amp; Resort's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.5.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.04.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 17.33 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.92 is above industry norms, reflecting an elevated valuation for Monarch Casino &amp; Resort's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 8.69, Monarch Casino &amp; Resort presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000907242">Check Out The Full List Of Monarch Casino &amp; Resort's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

CEO At Monarch Casino & Resort Sells $230K Of Stock

Across the recent three months, 4 analysts have shared their insights on Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Monarch Casino &amp; Resort and provided 12-month price targets. The average target is $81.5, accompanied by a high estimate of $88.00 and a low estimate of $77.00. Surpassing the previous average price target of $73.33, the current average has increased by 11.14%.
<img src="https://www.benzinga.com/files/images/story/2025/1735905631_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Monarch Casino &amp; Resort by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$88.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Zachary Silverberg</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Underweight</td>
<td>$79.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$77.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$82.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Monarch Casino &amp; Resort. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Monarch Casino &amp; Resort compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Monarch Casino &amp; Resort's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Monarch Casino &amp; Resort's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MCRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Monarch Casino &amp; Resort analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Monarch Casino &amp; Resort Better</h2>
Monarch Casino &amp; Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food &amp; Beverage and Hotel Operations.
<h3>A Deep Dive into Monarch Casino &amp; Resort's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Monarch Casino &amp; Resort's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.69% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Monarch Casino &amp; Resort's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 20.02%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Monarch Casino &amp; Resort's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.46% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Monarch Casino &amp; Resort's ROA stands out, surpassing industry averages. With an impressive ROA of 4.11%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Monarch Casino &amp; Resort's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.04.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Monarch Casino & Resort Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

Jefferies analyst David Katz maintains Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Hold and raises the price target from $73 to $88.

Jefferies Maintains Hold on Monarch Casino & Resort, Raises Price Target to $88

Wells Fargo analyst Zachary Silverberg initiates coverage on Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Underweight rating and announces Price Target of $79.

Initiation

Wells Fargo Initiates Coverage On Monarch Casino & Resort with Underweight Rating, Announces Price Target of $79

Stifel analyst Jeffrey Stantial maintains Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Hold and raises the price target from $72 to $77.

Stifel Maintains Hold on Monarch Casino & Resort, Raises Price Target to $77

Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) reported quarterly earnings of $1.47 per share which beat the analyst consensus estimate of $1.36 by 8.09 percent. This is a 19.51 percent increase over earnings of $1.23 per share from the same period last year. The company reported quarterly sales of $137.873 million which beat the analyst consensus estimate of $134.357 million by 2.62 percent. This is a 3.69 percent increase over sales of $132.965 million the same period last year.

Monarch Casino & Resort Q3 2024 GAAP EPS $1.47 Beats $1.36 Estimate, Sales $137.873M Beat $134.357M Estimate

Truist Securities analyst Barry Jonas maintains Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Hold and raises the price target from $75 to $82.

Truist Securities Maintains Hold on Monarch Casino & Resort, Raises Price Target to $82

Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) will release its quarterly earnings report on Wednesday, 2024-10-23. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Monarch Casino &amp; Resort to report an earnings per share (EPS) of $1.37.
Investors in Monarch Casino &amp; Resort are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.08, leading to a 11.25% increase in the share price on the subsequent day.
Here's a look at Monarch Casino &amp; Resort's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.11</td>
<td>0.96</td>
<td>1.03</td>
<td>1.44</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.19</td>
<td>0.93</td>
<td>0.93</td>
<td>1.23</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>-4.0%</td>
<td>-0.0%</td>
<td>-6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729627344_0.png" alt="eps graph" />
<h3>Monarch Casino &amp; Resort Share Price Analysis</h3>
Shares of Monarch Casino &amp; Resort were trading at $73.83 as of October 21. Over the last 52-week period, shares are up 24.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Monarch Casino &amp; Resort</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Monarch Casino &amp; Resort.
The consensus rating for Monarch Casino &amp; Resort is Neutral, derived from 2 analyst ratings. An average one-year price target of $75.5 implies a potential 2.26% upside.
<h3>Comparing Ratings with Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of and Monarch Casino &amp; Resort, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<h3>Analysis Summary for Peers</h3>
In the peer analysis summary, key metrics for and Monarch Casino &amp; Resort are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Monarch Casino &amp; Resort</td>
<td>Neutral</td>
<td>3.61%</td>
<td>$68.35M</td>
<td>4.50%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Monarch Casino &amp; Resort ranks in the middle among peers for Consensus rating. It is at the bottom for Revenue Growth and Gross Profit, but at the top for Return on Equity.
<h3>All You Need to Know About Monarch Casino &amp; Resort</h3>
Monarch Casino &amp; Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food &amp; Beverage and Hotel Operations.
<h3>Monarch Casino &amp; Resort: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Positive Revenue Trend: Examining Monarch Casino &amp; Resort's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.61% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Monarch Casino &amp; Resort's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 17.7%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Monarch Casino &amp; Resort's ROE stands out, surpassing industry averages. With an impressive ROE of 4.5%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Monarch Casino &amp; Resort's ROA stands out, surpassing industry averages. With an impressive ROA of 3.36%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Monarch Casino &amp; Resort's debt-to-equity ratio is below the industry average at 0.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/MCRI/earnings">To track all earnings releases for Monarch Casino &amp; Resort visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: Monarch Casino & Resort's Earnings Outlook

Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) posted decent second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Earnings beat the consensus estimate for the third straight quarter.
Victoria&#39;s Secret posted positive business trends in North America in the third quarter, with encouraging early feedback on fall assortments for Victoria&#39;s Secret and PINK brands. The beauty segment performed well, driving customer traffic to stores. Going forward, the company emphasized key events including a major VSX sport launch and the return of the Victoria&#39;s Secret Fashion Show to drive growth.
While optimistic about the positive signs, the company acknowledges that the broader consumer environment remains challenging. Despite the hurdles, VSCO remains focused on controlling what it can &mdash; leveraging its market position in the intimates category and executing multiple growth initiatives to drive long-term growth.
<h2>Q2 in Detail</h2>
<div class="chart_embed">
<h3>Victoria&#39;s Secret &amp; Co. Price, Consensus and EPS Surprise</h3>
<img alt="Victoria's Secret &amp; Co. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d0/1724933162.png" style="height:268px; width:574px" title="" />
Victoria&#39;s Secret &amp; Co. price-consensus-eps-surprise-chart | Victoria&#39;s Secret &amp; Co. Quote
Victoria&#39;s Secret reported adjusted earnings of 40 cents per share, beating the Zacks Consensus Estimate of 38 cents. The figure increased 66.7% from 24 cents in the year-ago quarter.
</div>
Net sales dropped 0.7% year over year to $1.42 billion. However, the metric beat the Zacks Consensus Estimate of $1.41 billion. The company&#39;s comparable sales declined 3% on a year-over-year basis.
VSCO&#39;s net sales from the Stores &mdash; North America channel came in at $0.8 billion, down 2.1% year over year. Direct channel&#39;s net sales declined 0.9% year over year to $430.2 million. Net sales from the International channel rose 6.4% year over year to $187 million.
<h2>Margin &amp; Costs</h2>
The gross profit increased 3% year over year to $501.3 million. The gross margin expanded 130 basis points to 35.4% in the quarter under review. Cost of sales came in at $915.8 million, down 2.6% year over year.
General, administrative and store operating expenses declined 4.7% year over year to $439 million. It incurred interest expenses of $43.1 million, lower than $46.5 million in the prior-year quarter.
<h2>Outlook</h2>
For the third quarter of fiscal 2024, management expects net sales to increase in the low single-digit range. It registered net sales of $1.27 billion in the prior-year quarter. Adjusted operating loss for third-quarter 2024 is forecast to fall in the range of $40-$60 million. It anticipates adjusted net loss in the band of 60-80 cents per share.
The company projects net sales for the fiscal 2024 to decline 1% year over year compared with a previous projection of a low-single-digit decrease. Adjusted operating income for the fiscal 2024 is estimated between to be $275 million to $300 million compared with the previous projection of $250 million and $275 million.
<h2>Zacks Rank &amp; Other Key Picks</h2>
VSCO sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the Zacks Consumer Discretionary sector are as follows:
Royal Caribbean Cruises Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The stock has rallied 68.7% in the past year.
The Zacks Consensus Estimate for RCL&#39;s 2024 sales and earnings per share calls for growth of 18.1% and 69.9%, respectively, from the year-ago levels.
DoubleDown Interactive Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddi#NASDAQ">DDI</a>) currently flaunts a Zacks Rank of 1. DDI has a trailing four-quarter earnings surprise of 22.1%, on average. The stock has surged 42.1% in the past year.
The Zacks Consensus Estimate for DDI&#39;s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Monarch Casino &amp; Resort, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcri#NASDAQ">MCRI</a>) carries a Zacks Rank #2 (Buy). MCRI has a trailing four-quarter negative earnings surprise of 3.5%, on average. The stock has increased 11.4% in the past year.
The Zacks Consensus Estimate for MCRI&#39;s 2024 sales and EPS indicates an increase of 2.3% and 10%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2329103/victoria-s-secret-beats-q2-earnings-revenue-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329103">To read this article on Zacks.com click here.</a>

Victoria's Secret Beats Q2 Earnings & Revenue Estimates

Marriott International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mar#NASDAQ">MAR</a>) is likely to benefit from solid leisure demand, a loyalty program and unit-expansion efforts. The focus on hotel conversions bodes well. However, soft demand in China is a concern.
Let us discuss the factors that highlight why investors should retain the stock for now.
<h2>Growth Catalysts</h2>
Marriott has been gaining from pent-up leisure demand. In second-quarter 2024, the company posted RevPAR growth across all customer segments &mdash; group, leisure transient and business transient &mdash; with increases in room nights and ADR. Group business, accounting for 24% of worldwide room nights, remained the strongest segment, with group RevPAR up 10% year over year.
The company witnessed robust demand during second-quarter 2024. The company&#39;s net rooms grew 6% year over year. In comparison, global RevPAR increased nearly 5%, supported by a 3% rise in the average daily rate and an occupancy increase of approximately 150 basis points, reaching 73%.
MAR&#39;s global RevPAR index continues to rise, reflecting its strong position in the market. RevPAR in the United States and Canada saw a nearly 4% gain, aided by the shift of the Easter holiday, with all chain scales from select service to luxury reporting positive growth. Internationally, RevPAR rose more than 7%, led by a 13% increase in Asia Pacific (excluding China). The upside was backed by robust macro trends and increased cross-border travel, particularly from Mainland China. Japan, in particular, saw a 21% rise in RevPAR. The EMEA region reported nearly 10% growth, while CALA posted a 9% increase. The company expects global RevPAR to rise 3-4% year over year in the second quarter and full year in 2024.
The company continues to enhance its Bonvoy loyalty program, which now has more than 210 million members (as of second-quarter 2024). It launched Business Access by Marriott Bonvoy, a comprehensive online travel program targeting small- and medium-sized corporate clients. The initial adoption of the platform exceeded expectations. In addition, partnerships with Rakuten in Japan, Alibaba in China and Rappi in CALA continue to drive strong international Bonvoy enrollments. During the second quarter, the program&#39;s global room night penetration reached 71% in the United States and Canada and 65% worldwide.
Marriott&#39;s global portfolio continues to grow faster than the overall industry supply, adding approximately 15,500 net rooms in the second quarter. Signing activity remains strong, particularly in APEC and Greater China, contributing to a pipeline of more than 559,000 rooms. Conversions played a significant role, representing 37% of openings and 32% of signings. Construction starts in the United States and Canada rose 40% year over year in the second quarter, reflecting growing development momentum. It expects positive development trends to continue on the back of new development and multiunit conversion opportunities.
<h2>Concerns</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7b/75340.jpg?v=780158394" />
Image Source: Zacks Investment Research
Marriott&#39;s shares have declined 4.8% in the past three months compared with the industry&#39;s 0.8% fall. Softer domestic demand in China primarily caused the downside.
During the second quarter, the company posted dismal performance in China. RevPAR in Greater China dropped approximately 4% due to macroeconomic pressures that led to weaker domestic demand. Additionally, the region saw an uptick in outbound high-end travelers, which further impacted local markets. While there was positive RevPAR growth in Tier 1 cities like Hong Kong, Macau and Taiwan, these gains were offset by declines across other areas, particularly in Hainan, which experienced a meaningful downturn. The company is cautious about persistent softness in demand and pricing trends in China for the remainder of 2024.
<h2>Our Thoughts</h2>
Marriott offers a balanced mix of growth opportunities and challenges, making it a stock worth holding. Its impressive global RevPAR growth, robust loyalty program and strategic room additions position it for long-term success. MAR&#39;s continued focus on high-growth regions and conversion deals underscores its ability to maintain market leadership and capitalize on leisure demand trends.
However, investors should remain cautious due to the company&#39;s exposure to weaker domestic demand in China, which could put pressure on overall performance. Additionally, Marriott&#39;s current valuation &mdash; with a forward P/E ratio of 22.05X compared with the industry&#39;s 21.80X &mdash; suggests premium pricing that might limit significant upside potential in the near term. While these risks warrant attention, the company&#39;s solid fundamentals and strategic growth initiatives provide enough reasons for investors to retain the stock. The Zacks Rank #3 (Hold) justifies our thesis.
<h2>Key Picks</h2>
Some better-ranked stocks in the Zacks Consumer Discretionary sector are as follows:
Royal Caribbean Cruises Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) currently sports a Zacks Rank of 1 (Strong Buy).
RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The stock has rallied 65.9% in the past year. The Zacks Consensus Estimate for RCL&#39;s 2024 sales and earnings per share calls for growth of 18.1% and 69.9%, respectively, from the year-ago levels.
DoubleDown Interactive Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddi#NASDAQ">DDI</a>) currently flaunts a Zacks Rank of 1. DDI has a trailing four-quarter earnings surprise of 22.1%, on average. The stock has surged 52.3% in the past year.
The Zacks Consensus Estimate for DDI&#39;s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Monarch Casino &amp; Resort, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcri#NASDAQ">MCRI</a>) currently flaunts a Zacks Rank of 1. MCRI has a trailing four-quarter negative earnings surprise of 3.5%, on average. The stock has increased 11.1% in the past year.
The Zacks Consensus Estimate for MCRI&#39;s 2024 sales and EPS indicates an increase of 2.3% and 10%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2327129/here-s-why-you-should-retain-marriott-mar-in-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327129">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Marriott in Your Portfolio

Peloton Interactive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) reported fourth-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Following the results, the company&#39;s shares increased 12% in the pre-market trading session on Aug 22.
<h2>Earnings and Revenues</h2>
PTON reported an adjusted loss per share of 8 cents, narrower than the Zacks Consensus Estimate of a loss of 18 cents. In the prior-year quarter, the company had reported an adjusted loss of 68 cents per share. Revenues for the quarter under review came in at $643.6 million, beating the Zacks Consensus Estimate of $626 million. The metric was almost flat year over year.
It reported Connected Fitness segment revenues of $212.1 million, down 4% year over year. However, Subscription revenues increased 2% year over year to $431.4 million.
<div class="chart_embed">
<h3>Peloton Interactive, Inc. Price, Consensus and EPS Surprise</h3>
<h2><img alt="Peloton Interactive, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6f/1724331746.png" style="height:265px; width:574px" title="" /></h2>
Peloton Interactive, Inc. price-consensus-eps-surprise-chart | Peloton Interactive, Inc. Quote
</div>
<h2>Operating Metrics</h2>
At the close of the quarter, Peloton recorded 2.98 million Ending Paid Connected Fitness Subscriptions, marking a 75 thousand net decline. The average net monthly paid Connected Fitness subscription churn stood at 1.9%.
Concluding the quarter, it registered 615 thousand Peloton App subscribers, reflecting a net decrease of 59 thousand. Average monthly paid app subscription churn stood at 8.4%.
<h2>Costs</h2>
In the three months ending on Jun 30, 2024, total operating expenses, incorporating restructuring and impairment expenses, amounted to $375.3 million compared with $426.8 million in the prior-year quarter. General and administrative expenses saw a decline of $23.3 million to $186.2 million compared with a year ago.
<h2>Outlook</h2>
For first-quarter fiscal 2025, management expects Ending Paid Connected Fitness Subscriptions in the range of 2.88-2.89 million, down 3% year over year. On the other hand, Ending Paid App Subscriptions is predicted in the range of 0.56-0.57 million. Revenues for the quarter are projected to be between $560 million and $580 million, down 4% (from the midpoint of guidance) from the year-ago level.
For fiscal 2025, the company forecasts Ending Paid Connected Fitness Subscriptions in the range of 2.68-2.75 million, down 9% (from the midpoint of guidance) from the year-earlier level. On the other hand, Ending Paid App Subscriptions is anticipated in the range of 0.57-0.62 million, down 3% (from the midpoint of guidance) from the year-earlier level. Revenues for the quarter are expected to be between $2,400 million and $2,500 million, down 9% (from the midpoint of guidance) from a year ago.
The company currently has a Zacks Rank #3 (Hold).
<h2>Key Picks</h2>
Some better-ranked stocks in the Zacks Consumer Discretionary sector are as follows:
Royal Caribbean Cruises Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) currently sports a Zacks Rank of 1 (Strong Buy).
RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The stock has rallied 62.6% in the past year. The Zacks Consensus Estimate for RCL&#39;s 2024 sales and earnings per share calls for growth of 18.1% and 69.7%, respectively, from the year-ago levels.
DoubleDown Interactive Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddi#NASDAQ">DDI</a>) currently flaunts a Zacks Rank of 1. DDI has a trailing four-quarter earnings surprise of 22.1%, on average. The stock has surged 70.2% in the past year. The Zacks Consensus Estimate for DDI&#39;s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Monarch Casino &amp; Resort, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcri#NASDAQ">MCRI</a>) currently carries a Zacks Rank #2 (Buy). MCRI has a trailing four-quarter negative earnings surprise of 3.5%, on average. The stock has increased 13.1% in the past year. The Zacks Consensus Estimate for MCRI&#39;s 2024 sales and EPS indicates an increase of 2.3% and 10%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2325733/peloton-pton-stock-up-on-q4-earnings-and-revenue-beat?cid=CS-BENZ-FT-analyst_blog|earnings_article-2325733">To read this article on Zacks.com click here.</a>

Per the agreement, the award-winning IGT PlaySports platform and trading advisory services are powering retail and mobile sports&nbsp;betting&nbsp;at Atlantis&nbsp;Casino&nbsp;Resort Spa in&nbsp;Reno, Nev.&nbsp;and Monarch&nbsp;Casino&nbsp;Resort Spa in&nbsp;Black Hawk, Colo.

IGT Expands Sports Betting Footprint In Nevada And Colorado Through IGT PlaySports Technology And Services Agreement With Monarch Casino & Resort

Macquarie analyst Chad Beynon maintains Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) with a Neutral and maintains $76 price target.

Macquarie Maintains Neutral on Monarch Casino & Resort, Maintains $76 Price Target

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